VN-Index bounces back after two falling sessions

By Dat Nguyen   September 15, 2021 | 02:36 am PT
VN-Index bounces back after two falling sessions
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.46 percent Wednesday with the majority of blue chips in the green, led by MSN of conglomerate Masan Group.

The index closed six points higher after two losing sessions. It is now at its highest in over a week.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 2.4 percent to VND19.2 trillion ($844.88 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 17 tickers in the green, with MSN of Masan climbing 6.9 percent to a new peak.

News of the Government of Singapore divesting from the company seemed to have not discouraged investors as the ticker went up for the third session in a row, with a combined growth of 11.5 percent.

PNJ of Phu Nhuan Jewelry rebounded with 3.3 percent growth after two losing sessions.

GAS of state-owned Petrovietnam Gas rose 2.8 percent to the highest in nearly a month.

HPG of steelmaker Hoa Phat Group and POW of electricity producer Petrovietnam Power Corporation both gained 2.6 percent.

Eleven blue chip tickers ended in the red, with VCB of state-owned lender Vietcombank falling 1.2 percent and ACB of Asia Commercial Bank down 1 percent.

The net selling value of foreign investors fell to VND18 billion, lowest in the last 13 sessions. They focused on selling VNM of dairy giant Vinamilk and VHM of real estate giant Vinhomes.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.83 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.84 percent.

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